Pittsburgh Pete
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Hey, I'm with you on that one--not real fond of TAF.
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The Appraisal Foundation And AI At It Again.
- Thread starter Stephen J. Vertin MAI
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factsandtruth
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How about the one above???
Im referring to the company where the former president is one of the head excutives at one of the largest appraisal firms "Forsythe appraisals" "pp"?
Eli
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This a sidetrack, but the good news is, that some of the biggest govt powers are coming together. I think they have historically placed a huge amount of faith in appraisers and appraisal organizations and state appraisal boards, and they realize that due to reasons that are hard to discern, that has not been the most effective means of managing the process. So, now they realize more power and money is needed. I believe that has been the problem from the get go. The ASC and AF should have had more money to hire more professional appraisers and other industry experts to run the business like any other business should be run, with a very astute board of directors and very good management or oversight.
Good news is......that is happening. Within 3 years, we will see it, and no private party that does not have USPAP or the public's best interest at heart will stop it. I am more than confident most appraisal organization members don't want to, but even if they do want to stop it, they can't, imnsho. Top management is finally coming together like never before in our careers. Money has been the main missing ingredient and I think the CFPB may realize that. I don't personally see how they couldn't realize that the ASC needed more money in order to perform their job more effectively and efficiently. Skilled labor and management cost money. Remember I said a very astute finance executive who used to be a top executive with Sears said the values and morals and principles, etc, of the top executives in an organization filter down through the organization and it doesn't matter how big the organization is.
Good news is......that is happening. Within 3 years, we will see it, and no private party that does not have USPAP or the public's best interest at heart will stop it. I am more than confident most appraisal organization members don't want to, but even if they do want to stop it, they can't, imnsho. Top management is finally coming together like never before in our careers. Money has been the main missing ingredient and I think the CFPB may realize that. I don't personally see how they couldn't realize that the ASC needed more money in order to perform their job more effectively and efficiently. Skilled labor and management cost money. Remember I said a very astute finance executive who used to be a top executive with Sears said the values and morals and principles, etc, of the top executives in an organization filter down through the organization and it doesn't matter how big the organization is.
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Michigander
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FYI, Mr Hummel became CA at Forsythe AFTER his stint as president of the AI (maybe 3 or 4 years later) and he's involved with the AF now.
Eli
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Interesting. Who is the head of the ASC and AF now? I wonder too about that new federal committee the govt might be forming that has many proposed members from private parties like builders, general public, appraisers, etc. Similar to how the state of LA was able to accomplish what they have done.
Michigander
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Eli
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Ok. I would like to know more about who is the chairman of who and other things like that, like who reports to who. I am not asking you to dig into it, but it would be interesting. I should know the who reports to who, but that tells you how disjointed things have been in the past. I hope that is changing rapidly. I feel like it is due to the tension rising. Some people don't like losing their power.
Everybody sees the ASC and states gaining power and some don't like it. I personally look for better things to come as a result. We will see. It depends on the state. Louisiana is already showing they are for better results and have the power to enforce them.
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Pittsburgh Pete
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Jealous are you? Did you apply for the job?
Obviously you don't like their (i.e. Forsythe's) business model--I suspect they're not real fond of the loner in a basement business model. The industry is populated with all sorts of firms. Your point is pointless.
Rick Stillman
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And just when I didn't think it could get any more boring or pointless, it does.
Now we are not only discussing the mundane ever changing rules, but who does what and what is their title and background.
The three stooges would have never become famous and well loved if this material was all they had for their scripts. Even they knew how to deliver a good joke - instead of being one.
Anyone wonder why USPAP got hacked to pieces the last go around? Because it was way too much about way too little. No substance. Kind of like our whole profession, more or less.
And what are anyone of us going to do about anything? Complain to the head of some large appraisal mill about his background and questionable motives? Write Hillary - you have a better chance of getting anything done with that clown than taking on the buffoons in this industry. Pffffffffffffffffffff.
And hey George - USPAP doesn't really soar above the understanding of most fourth graders that I know - just so you know...
Now we are not only discussing the mundane ever changing rules, but who does what and what is their title and background.
The three stooges would have never become famous and well loved if this material was all they had for their scripts. Even they knew how to deliver a good joke - instead of being one.
Anyone wonder why USPAP got hacked to pieces the last go around? Because it was way too much about way too little. No substance. Kind of like our whole profession, more or less.
And what are anyone of us going to do about anything? Complain to the head of some large appraisal mill about his background and questionable motives? Write Hillary - you have a better chance of getting anything done with that clown than taking on the buffoons in this industry. Pffffffffffffffffffff.
And hey George - USPAP doesn't really soar above the understanding of most fourth graders that I know - just so you know...
George Hatch
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Rick,
Based on your running commentary I'd rank your understanding of the subject of appraisal standards in the middle 1/3rd. It's good enough to get by - which is all it needs to be in order to put out a reasonable report - but not that well informed overall when compared to a number of others on this Forum. IMO
The hacks to which you refer basically amount to acknowledging that which is now obvious to us given our current perspectives - report content is a function of what's meaningful/not misleading to intended users within the context of the intended use. The content of the remaining Statements got moved to AOs in large part because they didn't apply to all appraisal disciplines as is stated to be the case for USPAP. Not because any of that info is now somehow irrelevant to the appraisers who are performing such assignments.
In truth, we could have made these changes a long time ago. I remember when I was participating in the ASBs beta program (USPAP working group) prior to the implementation of the SOWR that many of us suggested making the changes in reporting back then, in concert with the changes being made to the SOWR and for the same reasons. But the ASB can only work on so many topics and themes at one time, and in no case would it have been productive to spring too many changes on the profession at one time.
When considering the starting point where the entire appraisal profession came from in the 1980s these are refinements that we really only could have come to as an evolution. Had we attempted the 2015 version of USPAP in 1986 basically none of the appraisers back then would have been able to make that transition. Which is something I can say because I was there and I still remember the FormMonkey mentality that prevailed (and which I fully shared) back then. I distinctly remember how many years to took to break the majority of appraisers of certain habits and perspectives just to get to the point where they actually could feel comfortable referring to the actual minimums in lieu of some of the appraisal myths that had previously prevailed.
The point is, there are some very valid reasons why the initial versions of USPAP looked the way it did and why the 2015 version looks the way it does; and judging the prior versions from the current perspective is patently unreasonable and unfair. I'll tell you something else - the underlying values forming the basis of appraisal standards have remained essentially untouched over the last 85 years. It was against written standards to lie in appraisals or to be incompetent in an appraisal or to hit predetermined values or render unconsidered opinions in 1930 just as it is in 2015.
Based on your running commentary I'd rank your understanding of the subject of appraisal standards in the middle 1/3rd. It's good enough to get by - which is all it needs to be in order to put out a reasonable report - but not that well informed overall when compared to a number of others on this Forum. IMO
The hacks to which you refer basically amount to acknowledging that which is now obvious to us given our current perspectives - report content is a function of what's meaningful/not misleading to intended users within the context of the intended use. The content of the remaining Statements got moved to AOs in large part because they didn't apply to all appraisal disciplines as is stated to be the case for USPAP. Not because any of that info is now somehow irrelevant to the appraisers who are performing such assignments.
In truth, we could have made these changes a long time ago. I remember when I was participating in the ASBs beta program (USPAP working group) prior to the implementation of the SOWR that many of us suggested making the changes in reporting back then, in concert with the changes being made to the SOWR and for the same reasons. But the ASB can only work on so many topics and themes at one time, and in no case would it have been productive to spring too many changes on the profession at one time.
When considering the starting point where the entire appraisal profession came from in the 1980s these are refinements that we really only could have come to as an evolution. Had we attempted the 2015 version of USPAP in 1986 basically none of the appraisers back then would have been able to make that transition. Which is something I can say because I was there and I still remember the FormMonkey mentality that prevailed (and which I fully shared) back then. I distinctly remember how many years to took to break the majority of appraisers of certain habits and perspectives just to get to the point where they actually could feel comfortable referring to the actual minimums in lieu of some of the appraisal myths that had previously prevailed.
The point is, there are some very valid reasons why the initial versions of USPAP looked the way it did and why the 2015 version looks the way it does; and judging the prior versions from the current perspective is patently unreasonable and unfair. I'll tell you something else - the underlying values forming the basis of appraisal standards have remained essentially untouched over the last 85 years. It was against written standards to lie in appraisals or to be incompetent in an appraisal or to hit predetermined values or render unconsidered opinions in 1930 just as it is in 2015.
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